tag:blogger.com,1999:blog-1708908742323002823.post8135324252348114726..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Copper Market Signal Remains UnclearTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger52125tag:blogger.com,1999:blog-1708908742323002823.post-34213125724431672412014-07-22T08:11:48.923-07:002014-07-22T08:11:48.923-07:00meant bulls of course at 1340meant bulls of course at 1340Anonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-22470757677177695132014-07-22T08:10:29.754-07:002014-07-22T08:10:29.754-07:00Hubert, Armstrong and Celente make very good argum...Hubert, Armstrong and Celente make very good arguments regarding the deterioration of societies worldwide, but I would bet a $ vs. a doughnut that they have never taken any $ out of these mkts. Gold has trapped bears at 1240 and now 1340 and I expect no resolution all summer long. Take it slow and easy, "Breezy"!Anonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-80019894444393518382014-07-22T08:01:33.095-07:002014-07-22T08:01:33.095-07:00Hubert;
It is all about interest rate differentia...Hubert;<br /><br />It is all about interest rate differentials and unfortunately for Armstrong, the market is focused on that. Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-72627433342749394542014-07-22T07:55:42.383-07:002014-07-22T07:55:42.383-07:00P.S : as a reminder, Armstrong mentioned that Eur ...P.S : as a reminder, Armstrong mentioned that Eur Usd was in a strong uptrend, as Europe was the victim of a depresionnary pre collapse, which was bullish for euro on the short term, with a parallel of the late twenties with the dollar... well at the moment, Eur is about to lose its balance of the support at 1.35, but I'm sure he'll be totally right next time...Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-90569588518871065602014-07-22T07:51:16.581-07:002014-07-22T07:51:16.581-07:00Ah, maybe some real beginning of trend?
EUR/USD f...Ah, maybe some real beginning of trend?<br /><br />EUR/USD finally went through its 1.35 support level!!<br />I'm short since 1.3485...wish me luck!! :)<br />Have a nice day.Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-59075267387528165662014-07-22T07:28:52.242-07:002014-07-22T07:28:52.242-07:00stopped out 1305.5.
Flat once more :)stopped out 1305.5.<br />Flat once more :)Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-59838311040489936332014-07-22T07:01:54.297-07:002014-07-22T07:01:54.297-07:00You are now stronger and wiser > crashing and b...You are now stronger and wiser > crashing and burning, but Jefferson used to say that it is part of the cycles of life and a necessary thing, or something to that effect. There will always be pm frauds as well as real estate gurus and that is just a fact. Hang in there and stay loose!!Anonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-27248326774307607712014-07-22T06:49:35.638-07:002014-07-22T06:49:35.638-07:00Steve,
You are someone I respect and listen to. I...Steve,<br />You are someone I respect and listen to. I just think we all have to open ourselves up to objectivity. We all can become the things we hate. I have sold my gold and I was greedy I learned a lesson, but at some point some people here have to say I have no more venom to spew on this topic. I need to shut up and see what the world is really telling me. Sinclair is a pathetic old man now. His comeuppance has been epic. I do believe that somewhere in the not so distant future gold will turn bullish and this site has people that will miss it, just as I did on the bull side believing every projection the gold community spewed out. Thanks for your always valuable thoughts Steve.Concordhttps://www.blogger.com/profile/05015491360293136821noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-78510945068649061462014-07-21T23:33:24.922-07:002014-07-21T23:33:24.922-07:00Silver.
On the daily time unit, the Cdur is telli...Silver.<br /><br />On the daily time unit, the Cdur is telling me that silver may have the opportunity to keep going up : silver went up nicely when Cdur went up, and is not horizontal while Cdur went back all the way down. So, potentially this is a good sign that the trend is still there...<br /><br />But there comes the weekly time unit. And here the Cdur on this time unit is not in phase with the daily. It just started its move down from the top of its cycle. And in terms of prices, well, we are pretty close to the upwards bollinger band, while bollinger bands are in a range, i.e strong probability for prices to remain within that range, i.e...resitance just above our head.<br /><br />The 2day time unit shows stochastic momentum index reversing down fom a high level which twice before sent prices plunging.<br />So...here also, I'm only enticed to do nothing and go on holidays...<br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-84235960882985092002014-07-21T23:20:41.755-07:002014-07-21T23:20:41.755-07:00As for gold, pretty disappointing as well if you a...As for gold, pretty disappointing as well if you are a bull...can't muster enough strength to reconquer its daily ma20. I took a long order at 1308 based on the remote possibility that we may reach 1337 once more after 1307 fibo level held, and based on the fact that with a stop loss at 1305, the risk/reward ratio was a fair 10 to 1, pretty nice odds for my big risk of being stopped out with my small line. But I'm not betting a penny more on gold rising this summer. As far as I'm concerned, it may as well decide to retest 1240.Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-14697286469789383252014-07-21T23:08:40.679-07:002014-07-21T23:08:40.679-07:00Trying to short SP500 on the dqily time unit signa...Trying to short SP500 on the dqily time unit signals while it remains in its strong 2week candlechart uptrend seems to be an exercice in futility. I'm hardly trying to reach 1900 $ and a decent correction of a few percents after this race, but...this market is still in levitation.<br />On the weekly time scale, the MACD seemed to curve down under its propagation axis, while the CDUR was sending friendly signals.<br />But every single small dip seems to be bought.<br />Enve on shorter time units, shorting this market seems to be a great waste of energy atthe moment. <br />I thought that the proximity of 2000 and the mlh sup of the upwards monthly time unit Andrew's pitchfork would be the occasion for a correction, even small, especially during summer, but... hmm... must be manipulation! My models cannot be wrong! :)<br /><br />Weekly time unit SP500 chart<br />http://i60.tinypic.com/25utie0.jpgAnonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-13933866319356375842014-07-21T21:48:34.852-07:002014-07-21T21:48:34.852-07:00Ill report here when i turn bullish unlike the jer...Ill report here when i turn bullish unlike the jerks that pump gold all the way from 1900 to 1200 from 2011 to 2014 while profiting from selling newsletters or shares. They are not that stupid which means they cannot be trusted. Gold sells on fear and greed which is what they sell. <br /><br />Jimmy doing q and a s in august september october and november tells you this bear isnt over yet. Jasperhttps://www.blogger.com/profile/03831704112998990130noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-63928731051331104462014-07-21T21:09:30.011-07:002014-07-21T21:09:30.011-07:00Concord; The daily charts for gray and yellow are ...Concord; The daily charts for gray and yellow are as sloppy and un-readable as I can ever remember. This tells me that the indecision on the part of just about everyone is huge. Also, look at the indecisive currency action which is very choppy. The Yen is classic. We all think we know it is no good, but it will not fall apart. For the first time in I do not know how long, I watched msnbc the day of the airline shoot-down and only had to shake my head at what they were all saying. No wonder nobody watches them anymore. The media has long ago been bought and paid for and that is why we only hear from Kerry, McCain, Feinstein and the potus, but how much air time does a real patriot like Paul get? I do not know, but if I had to bet, I would say that this shoot-down was a false flag by the Ukrainians, BUT, that is only my thought. Anyway, off my soapbox as I do not want to jam up Dan's site, and you are right in that he is the best, and that the number of gold bears has increased of late, but their thoughts seem to be ok by me; their main beefs are really with the hucksters out there that we all know are FOS. Take care my friendAnonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-65101993237767147852014-07-21T20:27:36.126-07:002014-07-21T20:27:36.126-07:00I say this as someone looking for objectivity on t...I say this as someone looking for objectivity on the topic of PM's, the markets and commodities. This site has been right to point out the incredible distortions of the gold bug intelligentsia. It is bankrupt and full of excuses. The problem is this site is now permeated by anti-gold people just as filled with nonsense as the other side. Is there ever a moment here after a 15 months where those here don't just take a breath and look at reality and say maybe we have jumped the shark now to? Trader Dan who is one of the most reliable and smart people in commodities that there is deserves better, but others here rant and rave about the same garbage over and over. Scoreboard you guys can celebrate gold is in a bear trend, but based on the sentiment here PM's may be worth looking at again now. Mark even thinks gold has some upside. Steve seems to as well. Get a grip, the gold gurus were jerks and did a lot of people a great disservice and now you are as well.Concordhttps://www.blogger.com/profile/05015491360293136821noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-24620425940641258072014-07-21T16:34:59.725-07:002014-07-21T16:34:59.725-07:00"You wanted to protect the purchasing power o..."You wanted to protect the purchasing power of your savings, right? Well, I'd say double the money in stocks won"<br /><br />Purchasing power of my savings won, with the doubling of stocks? That seems backwards.Anonymoushttps://www.blogger.com/profile/07322055828431784357noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-49125582418973927152014-07-21T13:09:22.893-07:002014-07-21T13:09:22.893-07:00Dow still over 17k?? OMG, the ZHer's must be...Dow still over 17k?? OMG, the ZHer's must be rolling over in their graves. (which is friggin hilarious)<br /><br />"in their graves"?? Did I mean to imply that they were already dead? <br /><br />YESEric Originalhttps://www.blogger.com/profile/09663512536878956249noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-78979310105142296532014-07-21T05:16:52.764-07:002014-07-21T05:16:52.764-07:00EUR USD bounced EXACTLY on the Fibo level at 1.349...EUR USD bounced EXACTLY on the Fibo level at 1.3490 on a 4 hour candle and is now flirting with 1.35 again...the support of the rising wedge is about to break as well...there might be a lot of selling pressure under 1.3490...<br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-60397761585256675832014-07-21T05:11:26.234-07:002014-07-21T05:11:26.234-07:00For the record :
I'm not detailing all small ...For the record : <br />I'm not detailing all small trades I'm making in order not to pollute the blog.<br />I'm also not commenting my trades about specific markets which are not considered here (Cac 40, stocks within Cac 40...).<br />At the moment, I am short a small line on SP500 further to a 123 MACD down on the 4 hour time unit and long gold a small line further to a bounce on the 1307 support area I was following.<br />Holidays are coming, so I'm not expecting a lot of action, rather a lot of noise, but who knows?<br />Have a nice day,<br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-81435417050790084242014-07-21T04:40:21.150-07:002014-07-21T04:40:21.150-07:00This conglomerate of cheap content website adverti...This conglomerate of cheap content website advertised by Nidhi Singh and other fake names seem to come from India.<br />Of course there is no point clicking above except helping spammers make money with your time.Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-86742801583027906772014-07-21T03:51:40.453-07:002014-07-21T03:51:40.453-07:00This comment has been removed by a blog administrator.Anonymoushttps://www.blogger.com/profile/10453589097911917976noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-4024148001730318952014-07-20T23:04:29.464-07:002014-07-20T23:04:29.464-07:00Just FYI, I put my stop loss order for gold above ...Just FYI, I put my stop loss order for gold above 1305. So with a long entry point at 1308, it's a very little loss I'm risking here, with a high probability of getting stopped out by the noise as well. <br />Agreed with Dan that there's not much to do about gold right now, it was more of a routine long order due to the fact that we seemed to bounce right on the fibonacci level at 1307 on my chart, so as I always mentioned gold is bouncing from one level to another, I'm targeting 1337, then hopefully more, and who knows, maybe it will get right, and in any case the risk reward ratio is 10 to 1, so I'm doing this kind of stuff sometimes on the short term. It loses more often than it wins, but with such good ratios, I'm still making a small profit with them.<br /><br />SP500 is still in this danger zone near 1980 and I'm keeping a very close look at it, again to try to short the market near a top and with a very short term target, just as tried to do a few days ago (short 1970, out 1953 with 25%, stopped out 75% at entry level).<br />Have a nice day,Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-77255495573890939942014-07-20T20:04:04.823-07:002014-07-20T20:04:04.823-07:00Rico;
I lump the hedge funds into the Managed Mon...Rico;<br /><br />I lump the hedge funds into the Managed Money category when I discuss these COT reports. They can generally go long or go short. The index funds on the other hand, are funds that offer investors exposure to the commodity sector as an asset class and generally speaking ( there are some exceptions) are what we traders refer to as "LONG ONLY" funds. They take long positions across a variety of various commodity markets ( depending on which commodity index they benchmark against) and most often do not play the short side unless it is for defensive purposes.<br /><br />I distinguish those index funds from the hedge funds or managed money. Both are managed money however. The CFTC classifications can be confusing at times because I have seen some of these index funds in the swap dealers category.<br /><br />For analysis purposes however when I am looking at the COT reports, I refer to the Managed Money category as hedge funds.<br /><br />Not sure this helps but that is how I look at it.<br /><br />Sometimes these guys are on the wrong side of the market but it does not tend to happen too often since their computers usually have them going in the direction of a trend.<br /><br />When they screw up however, they do it style! Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-17139574659647438482014-07-20T18:26:15.468-07:002014-07-20T18:26:15.468-07:00Much appreciated Dan.Much appreciated Dan.DarkPurpleHazehttps://www.blogger.com/profile/06725074790604681185noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-58128998554771878332014-07-20T17:24:01.549-07:002014-07-20T17:24:01.549-07:00DArk Purple;
I have no problems with any of your ...DArk Purple;<br /><br />I have no problems with any of your posts. I hope you will continue to stay and post.<br /><br />May I offer a suggestion? how about when you want to reference a link on the internet, instead of posting the entire article, post the first couple of paragraphs along with title and then provide the link. That way those who are interested can go and read the article?<br /><br />Thanks much....<br /><br />Dan<br />Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-51279040760195373862014-07-20T14:13:18.574-07:002014-07-20T14:13:18.574-07:00These gold bug newsletter writers are invariable i...These gold bug newsletter writers are invariable intellectually challenged jerks with a lack of conscience. So much for honest money. Jasperhttps://www.blogger.com/profile/03831704112998990130noreply@blogger.com